Didi Global Inc (DIDI.N) will close the investors order book for its U.S. IPO to raise up to $4 billion one day early on Monday, according to two sources with direct knowledge of the matter. ( read original story ...)
Digital Banking: Hong Hong based Mox Bank and Mastercard Unveil Smart New Feature Called “Flip”
Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which ... ( read original story ...)
Hong Kong’s financial markets, bank branches to shut in morning on ‘black rainstorm’ weather warning
HKEX says no trading in its stock and futures in morning session due to the ‘black rainstorm’ weather signal hoisted by the Observatory. All local bank branches are also affected. ( read original story ...)
Hong Kong bank officers, loan applicants among 36 arrested over suspected scams seeking HK$40 million under SME aid scheme
Hong Kong’s anti-corruption agency has warned of shady middlemen offering help with bank applications after arresting 36 people over suspected scams involving government-guaranteed loans totalling ... ( read original story ...)
The IPO Market Has Never Been Hotter Than It Is Right Now
Investors say they can afford to be picky and are increasingly reluctant to pay steep valuations demanded by the fast-growing companies that populate the IPO market. As a result, a number of ... ( read original story ...)
13 arrested over HK$53 million money-laundering scheme in Hong Kong, mainland China that preyed on jobseekers
Cross-border gang falsified bank and ID information obtained through bogus adverts for job and moneymaking schemes. ( read original story ...)
The Global IPO Market Has Never Been Hotter Than It Is Right Now
Companies are racing to public markets like never before, cashing in on record-high stock prices.An all-time high of almost $350 billion has been raised in initial public offerings in the first six ... ( read original story ...)
Hong Kong sees rising interest in property auctions, as housing market outlook improves
Interest in property auctions has risen amid a boom in Hong Kong’s housing market, despite a decline in the number of properties foreclosed. ( read original story ...)
Hong Kong’s digital voucher scheme will help ‘build platform’ for city’s electronic payment future, finance chief says
Hong Kong's financial chief has said the upcoming roll-out of the city's HK$36 billion (US$4.6 billion) voucher scheme is intended to push residents towards embracing electronic payments and lay the ... ( read original story ...)
Ten cabin cruisers sink in Hong Kong marina fire, no serious casualties
A fire swept through a marina in Hong Kong in the early hours of Sunday, igniting fuel tanks as it passed along a line of closely moored cabin cruisers, and resulting in at least 10 sinking before ... ( read original story ...)
How China Is Cracking a Window for Its Bond Investors: QuickTake
China is taking another step to loosen its capital controls and in the process is giving onshore investors greater access to a previously hard-to-reach bond market. The so-called southbound link of ... ( read original story ...)
How China’s Growing Influence On Hong Kong Could Shape Financial Markets
NPR's Sarah McCammon speaks with Primrose Riordan of the Financial Times about China's increasingly tight grip on Hong Kong — and what it might mean for one of the world's busiest financial centers. ( read original story ...)
HSBC apology after update to banking terms shows financial fears are mounting in Hong Kong
Bank reassures clients they can continue to use online, mobile banking outside of the city.. Read more at straitstimes.com. ( read original story ...)
Didi IPO Wednesday, Foreign Investors Buy China In Size, Week In Review
The company plans to raise as much as $366 million, valuing the company at up to $3.9 billion, in its Friday IPO. ( read original story ...)